How should we address the issue of influencer exclusivity during the shortlisting process – especially if two brands in the same market want to work with the same influencer?
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When it comes to addressing the issue of influencer exclusivity, there are several steps both brands and influencers can take.
Firstly, clear communication is crucial. Brands should explicitly state their expectations about exclusivity at the beginning of the negotiation phase. Influencers too should clearly communicate their intentions or any existing contracts they may have with other brands.
Furthermore, it’s advisable for brands to draft explicit terms about exclusivity in their influencer contracts. This can help avoid misunderstandings that may arise down the line. These terms should outline whether the influencer can work with competing brands or not and for how long the exclusivity clause stands.
Another practical step is the use of technology platforms for managing influencer relationships. Platforms like Flinque offer solutions for tracking and managing influencer engagements, which can effectively avoid conflicts of interest. With Flinque, for instance, brands can discover the influencers they need, assess their relevance, fit, and availability, and negotiate terms right on the platform.
One important factor to consider is the realm of the brands and their competitive overlap. If two brands offer completely different products or services but target the same market, it might still be possible for an influencer to work with both, provided proper disclosures are made.
Lastly, involve both campaigns and influencer-driven content in your brand’s strategy. This diversifies your partnerships and reduces conflicts. However, this should be a strategic decision, not a tactic to sidestep exclusivity concerns.
When two brands in the same market want to work with the same influencer, they will need to respect the terms of any existing agreements and recognize that the desire for exclusivity often comes with a higher price. Ultimately, the choice is up to the influencer, and transparency is key to maintain a healthy relationship with both brands.Flinque